LoopNews: Your Commercial Real Estate Newsletter LoopNet, Inc.
LoopNews: Your Commercial Real Estate Newsletter
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In The Loop

LoopNet's Lead Grows
LoopNet now drives 7.1 times the traffic of any other commercial real estate web site. That is the latest report from comScore, the leading independent internet audience measurement service for top web sites such as Google, Yahoo! and Microsoft. According to comScore, LoopNet averaged 908,000 unique U.S. visitors per month in Q3 2008, while the next closest web site averaged just 128,000. The report also shows that LoopNet's lead is growing: the 7.1 times lead in traffic represents an increase from a 4.5 times lead reported for 2007.

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Top Commercial Real Estate News
October 23, 2008 - October 29, 2008
Provided by Commercial Real Estate Direct

FDIC Offers Stake in $1.1B Portfolio of Loans
FDIC has launched the offering of a portfolio of $1.1 billion of distressed loans, mostly backed by developed and undeveloped residential lots that were taken over from the failed ANB Financial of Bentonville, AR. The agency has tapped Nautilus Capital, LLC and GlassRatner Advisory & Capital Group to handle the offering. Read Full Story

Rental Rates on the Rise in Birmingham
Rental rates for Birmingham, AL office space are on the rise, according to a recent report by EGS Commercial Real Estate, Inc. The research outfit found that Q3 rates jumped 15% from 2005, to $21.45/sf from $18.25/sf. Read Full Story

Manhattan Landlord Offers 1-Year Free Rent
Cohen Brothers is offering prospective tenants one year of free rent at three of its Manhattan office buildings if they lease either a full or half floor for at least 10 years. Tenants must sign on to pay at least $70/sf under their leases to qualify for the lengthy free-rent period. Read Full Story

Chicago Office Market Could Face Challenges
Four office buildings in Chicago's downtown Loop are set to open next year, and they have managed to lure substantial tenants. But those successes have come at the expense of existing buildings, such as Aon Center, Sears Tower and 333 W. Wacker Drive, each of which are projected to face challenges. Read Full Story

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